Which Statement Is TRUE Regarding Bankruptcy

Which statement is TRUE regarding bankruptcy?

A) A bankruptcy court can declare individuals or companies unable to pay their debts and thus release them from the obligation of repaying those debts.
B) Although a bankruptcy court can declare individuals and companies unable to pay their debts, they are still responsible for repaying those debts whenever they recover and can afford to pay them.
C) When a bankruptcy court declares individuals or companies unable to pay their debts, the court assumes the responsibility for paying off those debts.
D) When an individual is released from repaying debts, he or she starts over with a clean slate and can even obtain credit relatively easily.
E) Only the person or company in debt can initiate bankruptcy proceedings.